Abstract
AbstractWe show how the type of alcohol consumed is related to the type of entrepreneurship present for economies in Europe. We differentiate between beer-, wine-, and spirit-drinking countries and distinguish between productive, unproductive, and destructive entrepreneurship. The underlying links do not emerge from drinking per se but rather the drinking habits and taste for beverage types capture deep cultural features and cultural similarities amongst the countries. Societies that prefer to drink beer are closer to each other culturally than those which prefer drinking wine or spirits. Therefore, the taste for alcohol type is merely an instrument in explaining cultural and institutional differences across entrepreneurship. Broadly speaking, beer-drinking countries are characterized by higher shares of productive entrepreneurship, wine-drinking countries with unproductive entrepreneurship, and spirit-drinking countries with destructive entrepreneurship. We discuss mechanisms in which the results are found and highlight a new research agenda, emphasizing the potential role of epigenetics.
Publisher
Springer Science and Business Media LLC
Subject
Economics and Econometrics,General Business, Management and Accounting
Reference82 articles.
1. Acemoglu, D., & Robinson, J. A. (2012). Why nations fail: the origins of power, prosperity and poverty (1st ed.). New York: Crown.
2. Acemoglu, D., Johnson, S., & Robinson, J. A. (2001). The colonial origins of comparative development: an empirical investigation. The American Economic Review, 91(5), 1369–1401.
3. Acs, Z. J., Arenius, P., Hay, M., & Minniti, M. (2004). Global entrepreneurship monitor. London Business School, Babson: Executive Report.
4. Acs, Z., Estrin, S., Mickiewiczs, T., & Szerb, L. (2018). Entrepreneurship, institutional economics and economic growth: an ecosystem perspective. Small Business Economics 51(2), 501–514.
5. Aizenman, J., & Brooks, E. (2008). Globalization and taste convergence: the cases of wine and beer. Review of International Economics, 16(2), 217–233. https://doi.org/10.1111/j.1467-9396.2007.00659.x.
Cited by
10 articles.
订阅此论文施引文献
订阅此论文施引文献，注册后可以免费订阅5篇论文的施引文献，订阅后可以查看论文全部施引文献